Job Cuts news from FierceFinance
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Wachovia turnaround underway?
The pressure is on for Robert Steel, the new CEO of Wachovia, who has raised the number of jobs the bank will cut. The AP reports that in a quarterly SEC filing, the bank Read more...
Wall Streeters taking the hits hard
If you've been around long enough, you've seen this sort of thing before. When the bubble bursts, the job cuts come willy nilly, stealthily or not. The media latches on and pretty soon we see the
Read more...Employment situation worsens in NYC
Recall that in March, New York City's budget office predicted that 20,000 jobs would be lost in the financial services sector. It now says that total job losses will run to 33,300 jobs, notes Read more...
Stealth layoffs hitting Wall Street
It's not paranoia if they're really after you. And so it goes on Wall Street. Financial institutions have announced some 65,000 layoffs since summer, and people are understandably nervous. The New Read more...
Still wondering: Is the worst over?
Last week, Lloyd Blankfein, CEO of Goldman Sachs, threw his lot in with John Mack, his counterpart at Read more...